Canada’s first Social Impact Bond launched to keep single mothers and children together in Saskatchewan

Canada’s first Social Impact Bond launched to keep single mothers and children together in Saskatchewan

On May 12, the Canadian province of Saskatchewan launched the country’s first Social Impact Bond. The ‘Sweet Dreams’ initiative provides support services to single mothers and their children, with the intent of keeping them together rather than using family and social services. Investor repayments on the bond will be determined by the number of women still with children six months after the program is initiated. Read a press release about the SIB here, or watch a video here.